DAILY SCRAP REPORT: Flurry of new bookings end trading hiatus; prices plunge by $12/t

Turkish steel producers have bought several deep sea cargoes from various locations at heavily reduced prices, sources told Fastmarkets on Wednesday September 4.

There were three confirmed cargoes today - two from the United States and another from the United Kingdom. A steel mill in the Marmara region purchased a UK cargo comprising 18,000 tonnes of HMS 1&2 (80:20) at $250 per tonne cfr. This compares with the last reported UK cargo sold on August 27 that priced an unknown volume of HMS 1&2 (80:20) at $270 per tonne - a difference of $20 per...

Published

Carrie Bone

September 04, 2019

17:50 GMT

London